Dime Bank Foundation Inc is a private foundation based in Norwich, Connecticut, established in 1998. The foundation is the philanthropic arm of Dime Bank, enabling the bank to support and give back to the communities it serves. The foundation is a 501(c)(3) organization with tax-exempt status since July 1998.
Key facts about Dime Bank Foundation Inc
- EIN
- 06-1507800
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $282,206
- Grants made (2025)
- 71
- Average grant
- $3,975
- Median grant
- $3,000
- Primary geography
- Connecticut (89% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Dime Bank Foundation Inc funds
By grant dollars, the top recipient states for Dime Bank Foundation Inc's 71 itemized 2025 grants were Connecticut (89%) and Rhode Island (8%). The most frequent recipient cities were New London, CT (14 grants), Norwich, CT (6 grants), Manchester, CT (5 grants) and Niantic, CT (3 grants). 3% of grants with a stated purpose were for general or operating support.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$282K
-16.9% YoY
Grant Count
71
+7000.0% YoY
Avg Grant Size
$4K
-98.8% YoY
Mission & Focus Areas
The foundation supports programs designed to promote:
- Affordable housing
- Basic human services for those at-risk
- Cultural enrichment with emphasis on disadvantaged populations
- Education, job training, and literacy
- Opportunities for collaborative efforts
- Services for under-served children, families, or the elderly with emphasis on those with low-to-moderate income levels
The foundation's focus is on programs and activities that provide, strengthen, or enhance services to members of communities that are most at-risk.
Grantmaking
The foundation accepts applications on a year-round basis and awards grants three times per year.
Average Grant
amount varies by funding cycle
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Geographic Focus
Where this funder awards grants
The foundation supports nonprofit organizations and governmental units that provide programs for residents of:
- New London County, Connecticut
- The towns of Glastonbury and Manchester, Connecticut
- The towns of Hopkinton, Richmond, and Westerly, Rhode Island
Grant Distribution by State
Share of all 71 itemized 2025 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
Assets: $6,666,390 (as of most recent filing)
Annual Giving: $339,608 (based on most recent IRS Form 990 filing from 2024)
Total Historical Giving: More than $1.4 million awarded since the foundation's inception in 1998
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
261 grants across all recorded years
Open Grants
1 open opportunity from Dime Bank Foundation Inc
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include Rebuilding Together of Manchester ($15,000), Salvation Army ($13,500 across 2 grants), Hockanum Valley Community Council ($12,500 across 2 grants).
| Recipient | Purpose | Amount |
|---|---|---|
| REBUILDING TOGETHER OF MANCHESTER MANCHESTER, CT | CRITICAL HOME REPAIRS, ACCESSIBILITY MODIFICATIONS, AND SAFETY IMPROVEMENTS FOR LOW-INCOME HOMEOWNERS IN MANCHESTER. | $15,000 |
| OPERATION WARM PHILADELPHIA, PA | COAT AND SHOE DISTRIBUTION TO CHILDREN IN DIME'S SERVICE AREA. | $9,000 |
| SALVATION ARMY NEW LONDON, CT | SUPPORT FOR THE EMERGENCY ASSISTANCE PROGRAM. | $7,500 |
| CONNECTICUT FOOD SHARE WALLINGFORD, CT | FUNDING TO SUPPORT MOBILE FOOD PANTRY OPERATIONS IN DIME'S SERVICE AREA. | $7,500 |
| HOCKANUM VALLEY COMMUNITY COUNCIL VERNON, CT | FUNDING IS REQUESTED IN SUPPORT OF THE OUTPATIENT MENTAL HEALTH AND SUBSTANCE ABUSE CLINIC. | $7,500 |
| MARTIN HOUSE INC NORWICH, CT | MEAL EXPENSES FOR CLIENTS. | $7,500 |
| NEW LONDON YOUTH AFFAIRS NEW LONDON, CT | EARLY CHILDHOOD FAMILY CENTER WHICH ADDRESSES SCHOOL READINESS BY SUPPORTING FAMILIES' BASIC NEEDS AND FACILITATING PRESCHOOL PLACEMENTS. | $7,500 |
| OPERATION FUEL HARTFORD, CT | FUNDS WILL PROVIDE EMERGENCY ENERGY ASSISTANCE GRANTS TO LOW-MODERATE INCOME FAMILIES LIVING IN NEW LONDON COUNTY. | $7,500 |
| COVENANT SHELTER OF NEW LONDON INC NEW LONDON, CT | ESSENTIAL SHELTER SERVICES FOR HOMELESS INDIVIDUALS AND FAMILIES IN SE CT. | $6,000 |
| SALVATION ARMY NEW LONDON, CT | SUPPORT FOR THE EMERGENCY ASSISTANCE PROGRAM. | $6,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Dee Sullivan served as administrator of the foundation as of 2013.
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NICHOLAS CAPLANSON | PRESIDENT | 1 | — |
| JOHN LUND | VICE PRESIDENT, TREASURER | 1 | — |
| DEIRDRE SULLIVAN | SECRETARY | 1 | — |
| DR MARK E TRAMONTOZZI | DIRECTOR | 1 | — |
| LEE-ANN GOMES | DIRECTOR | 1 | — |
| STEVEN L BOKOFF | DIRECTOR | 1 | — |
| PETER MANERI | DIRECTOR | 1 | — |
| BONNIE STEWART | DIRECTOR | 1 | — |
| PAUL MAXFIELD | DIRECTOR | 1 | — |
| JENNY WRONOWSKI | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has continued its grantmaking activities, with recent awards announced to organizations providing community services, housing assistance, and food services in its service areas.
Dime Awards Grant to LIEOC for Community ServicesSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Dime Bank Foundation Inc fund?
The foundation supports programs designed to promote: • Affordable housing • Basic human services for those at-risk • Cultural enrichment with emphasis on disadvantaged populations • Education, job training, and literacy • Opportunities for collaborative efforts • Services for under-served children, families, or the elderly with emphasis on those with low-to-moderate income levels The foundation's focus is on programs and activities that provide, strengthen, or enhance services to members of co…
How do I apply for a grant from Dime Bank Foundation Inc?
**Grant Amounts:** • Typical awards range from $994 to $339,608 • Average grant amount varies by funding cycle **Application & Award Process:** The foundation accepts applications on a year-round basis and awards grants three times per year. **Recent Grant Activity:** As of May 2013, the foundation awarded $64,500 to 28 nonprofit organizations in New London County and the Westerly/Pawcatuck areas. Since its inception, the foundation has awarded more than $1.4 million to organizations in the reg…
Where does Dime Bank Foundation Inc make grants?
The foundation supports nonprofit organizations and governmental units that provide programs for residents of: • New London County, Connecticut • The towns of Glastonbury and Manchester, Connecticut • The towns of Hopkinton, Richmond, and Westerly, Rhode Island
What size grants does Dime Bank Foundation Inc award?
In 2025, Dime Bank Foundation Inc awarded 71 grants totaling $282K — an average of about $4K per grant, based on its IRS Form 990 filings.
What is Dime Bank Foundation Inc's EIN?
Dime Bank Foundation Inc's EIN (Employer Identification Number) is 06-1507800. IRS Form 990 filing data is available on this page for 2019–2025.
Explore Open Grants
Browse active grant opportunities in Dime Bank Foundation Inc's focus areas in our free grants database
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.